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    SGD to AUD 2024 Forecasts

    Analysis of recent Singapore dollar→Aussie forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Singapore dollar to Australian dollar performance and trends.


    Forecasts for SGD to AUD

    SGDAUD chart
    90-DAY LOW

    As the Singapore dollar (SGD) navigated a turbulent September, FX analysts observed early-month losses being partly recouped by the end of the month due to a decline in US yields. The local economic landscape—characterized by easing inflation and stymied growth—has led experts to widely predict that the Monetary Authority of Singapore (MAS) will retain its current monetary policy at the upcoming October meeting. This stability in policy is anticipated despite September witnessing the SGD fall to a 10-month nadir of US$0.7278 on 27th September. The weakness in the SGD has largely been attributed to the rallying US dollar, which strengthened on the back of a hawkish pause from the Federal Reserve. Nevertheless, some of these losses against the USD were mitigated as US treasury yields ebbed, offering the SGD a respite.

    Turning attention to the Australian dollar (AUD), market analysts forecast strengthening in the medium term, particularly into 2024. This positive outlook is driven by expectations of a narrowed interest rate differential as other countries may potentially start cutting rates before Australia. In the latter months of 2022, the Reserve Bank of Australia (RBA)'s gradual rate hikes, when compared to its global counterparts, weighed on the AUD. Yet, market speculation in November suggests that the US may have reached its peak interest rates, while the RBA is postulated to persist with its tightening cycle, which could bode well for the AUD. As the currency of a dominant commodity-exporting nation, any variation in commodity prices and global trade policies notably influences the AUD's value. Additionally, the Aussie dollar's status as a barometer for global risk appetite means that trader confidence in worldwide economic growth can cause fluctuations in the AUD.

    Recent price data for the SGD to AUD exchange rate places it near 90-day lows at around 1.1312, which is 1.2% below its three-month average of 1.1446. The exchange rate has been trading within a narrow 2.2% band from 1.1312 to 1.1560. This relative stability, juxtaposed with the current economic projections and monetary policy assumptions, suggests a cautious approach from those engaged in SGD to AUD transactions. Investors and businesses will likely keep a close eye on the MAS and RBA's next moves, alongside global commodity and risk sentiment shifts, to anticipate the future direction of this currency pairing.

    @bestfxrates : SGD to AUD near 90-day lows at 1.1312, 1.2% under 3-mo avg amidst a stable MAS & a potentially tightening RBA. Market eyes on central banks & global sentiment to guide future moves. Stay informed on shifts in #FXrates and economic policies. #SGDAUD #CurrencyTrading #ForexMarketUpdate

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    SGD to AUD Market Data

    Singapore dollar (SGD) to Australian dollar (AUD) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 SGD =
    1.1310We compare provider deals to this wholesale mid-market rate. Read more
    SGD to AUD is at 90-day lows near 1.1303, 1.2% below its 3-month average of 1.1444, having traded in a very stable 2.3% range from 1.1303 to 1.1560
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    90-DAY LOW

    Compare & Save - Singapore dollar to Australian dollar

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to Australian dollar (AUD) rates from different sources before making a conversion.

    Use our SGD to AUD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Singapore dollar to Aussie currency rates and the possible savings of using various providers.

    14 Nov 2023
    1% 2 Week
    30 Aug 2023
    1.3% 3 Month
    28 Nov 2022
    3.6% 1 Year
    29 Nov 2018
    13.3% 5 Year
    30 Nov 2013
    29.1% 10 Year
    03 Dec 2003
    42.7% 20 Year
    SGD/AUD historic rates & change to 28-Nov-2023

    Will the Singapore dollar rise against the Australian dollar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add SGD/AUD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian dollar.


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more